Question : ____________________ refers to the total value of final goods and services which all the sectors of an economy are planning to buy at a given level of income during a period of one year.
Option 1: Aggregate demand
Option 2: Aggregate supply
Option 3: Total expenditure
Option 4: Total demand
Correct Answer: Aggregate demand
Solution : Aggregate demand refers to the total value of final goods and services which all the sectors of an economy are planning to buy at a given level of income during a period of one year. Hence, Option A is correct.
Question : _________________________ refers to the money value of final goods and services that all the producers are willing to supply in an economy in a given period of time.
Question : The term "aggregate demand" refers to the total demand for:
Question : Effective demand refers to that level of aggregate demand which becomes effective because it is equal to aggregate supply.
Question : ____________ refers to the total expenditure incurred by households on purchase of goods and services during an accounting year.
Question : ____________ refers to the total expenditure incurred by government on consumer goods and capital goods to satisfy the common needs of the economy.
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